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AQB - AquaBounty Technologies, Inc. ()

Overview

Company Summary


AquaBounty Technologies, Inc. (AQB) is a biotechnology company that specializes in the development and commercialization of genetically engineered fish. The company's primary focus is on creating faster-growing salmon, specifically the AquAdvantage salmon.

AquaBounty's main achievement has been the successful development of a genetically modified salmon that can reach market size in less time compared to conventional salmon. By combining genes from two different fish species, Atlantic salmon and Pacific Chinook salmon, they have created a fish that grows approximately twice as fast.

The company utilizes a proprietary technology known as AquaAdvantage, which involves inserting a growth hormone gene into the DNA of the fish. This genetic modification allows the fish to produce growth hormone continuously, resulting in accelerated growth.

The AquaAdvantage salmon offers several advantages to Aquabounty and the aquaculture industry as a whole. Firstly, it reduces the time required for salmon to reach a marketable size, which allows for more efficient production and faster turnover. Secondly, it offers a potential solution to meet the growing demand for seafood, particularly salmon, without increasing the strain on wild fish stocks.

AquaBounty breeds and raises their genetically engineered salmon in contained, land-based facilities, minimizing the risk of escapes into natural ecosystems. The company has also implemented various measures to address concerns related to environmental impacts and food safety, ensuring their operations adhere to regulations and best practices.

In summary, AquaBounty Technologies, Inc. specializes in genetically engineered salmon, particularly the AquaAdvantage salmon, which grows faster than conventional salmon. Their goal is to provide a sustainable solution to meet the increasing global demand for seafood while minimizing environmental impact.

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